Ijarah Finance was established to help you purchase a property without entering into an interest-based mortgage. Our Home Ijarah products can be tailored to suit individual needs. There are four different types of equipment or asset finance structures that your business can utilize in order to acquire assets such as vehicles, machinery and business equipment.
If the idea of owing your own property, vehicle or equipment via Ijarah appeals to you but you are currently paying off an existing mortgage we can help you replace it. Our Low Doc products may be the perfect solution for self-employed business owners who do not have the standard financials.
If the idea of owing your own property, vehicle or equipment via Ijarah appeals to you but you are currently paying off an existing mortgage we can help you replace it. Our Low Doc products may be the perfect solution for self-employed business owners who do not have the standard financials.
Services
Our team brings with them financial expertise, industry insight and above all, an understanding of what is important to our clients. When you contact Ijarah Finance, it's likely you will speak with one of our team members below. However, Ijarah Finance is made up of many others who work behind the scene to help deliver the wonderful service we provide.
Ijarah Finance was developed to provide the community with an alternative to conventional interest-based lending options. Purchasing a home, vehicle or commercial business asset can be a daunting task. Our experienced team of consultants are here to guide you through each step of the way. With over 16 years' experience in the Australian Financial Industry, our team has extensive knowledge of the rules and regulations that govern this field.
The term Ijarah is derived from the Arabic language and means "lease". In terms of financing a property, Ijarah refers to the process in which a financier and client enter into a contract together enabling the client to purchase a property, vehicle or commercial asset in compliance with Islamic Law.
In an Ijarah agreement (or lease agreement), the financier purchases a property on behalf of a client and then leases it back to the client. In return, the client makes agreed rental payments with the view of taking legal ownership of the property once the payment terms have been met. In the meantime, the client enjoys full rights and access to the property during the "ijarah" or "rental" period.
The main difference between buying a property through a Conventional Mortgage and buying a property through Ijarah Finance is that no exchange of money is taking place and thus no interest is being charged or paid. The term Ijarah is synonymous with Lease.
Hence the property is purchased on behalf of the client and the client leases it from the financier by making regular rental repayments, with the view of taking legal ownership of the property once the payment terms have been met.Legal Title held by the Client. Once final instalment is made by the client, the funder will transfer ownership to the client.
Hence the property is purchased on behalf of the client and the client leases it from the financier by making regular rental repayments, with the view of taking legal ownership of the property once the payment terms have been met.Legal Title held by the Client. Once final instalment is made by the client, the funder will transfer ownership to the client.
Reviews (9)
Ataia
Jan 24, 2022
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My experience with Ijarah finance has been without doubt exceptional from the very beginning to our settlement. Walid and the team took the time to understand our circumstances and explain options. When the situation got a bit tricky for us the team was there to guide us through the whole process and come up with the best solution for us.
I have absolutely no hesitation in recommending Ijarah finance for anyone looking to work with a team of exceptional professionals who will
do everything they can to get you the best outcome.
I have absolutely no hesitation in recommending Ijarah finance for anyone looking to work with a team of exceptional professionals who will
do everything they can to get you the best outcome.
Saad Akhter
Jan 02, 2022
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Professional, Efficient and Personal.
Obayda from the team was most helpful. He was like a brother who continuously checked in and updated us about the application. Someone I know had a poor experience with an Islamic Bank before so I was told to be careful. From the get go, Obayda and the team were honest, they explained everything in detail so I wasn't worried about anything. Obayda was continuously responsive throughout the day even though he had many other clients to look after. Any minor inconveniences were met with professionalism and were solved as soon as possible. I was definitely nervous
Obayda from the team was most helpful. He was like a brother who continuously checked in and updated us about the application. Someone I know had a poor experience with an Islamic Bank before so I was told to be careful. From the get go, Obayda and the team were honest, they explained everything in detail so I wasn't worried about anything. Obayda was continuously responsive throughout the day even though he had many other clients to look after. Any minor inconveniences were met with professionalism and were solved as soon as possible. I was definitely nervous
Abdulkader Wahbalbari
Dec 30, 2021
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Ahmad Ibrahimi
Dec 17, 2021
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Hameedullah Saifurahman
Dec 07, 2021
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Ibrahim Ali
Oct 16, 2021
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Ijarah Finance is one of the most professional islamic finance institution all over Australia. They are very professional and they have helped me to tailor my finance in away that met my circumstances. I have contacted couple of other islamic finance institutions in 🇦🇺 and to be honest I have struggled a lot with delay in response, lack of knowledge and bureaucracy in process. I would strongly recommend contacting brother Walid, the director of Ijarah Finance. This company has been ranked in the top " 20 leading Australian Mortgage brokers to watch" by the Australian business journal. They
Jacob Saddik
Sep 22, 2021
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Malek Elzein
Sep 06, 2021
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I wish I used them sooner. The team at Ijarah Finance are fantastic and so easy to deal with. They made it very easy to go about my refinance and exceeded my expectations. Wally and Obaydah (and anyone else that worked behind the scenes), I thank you greatly for your professionalism and prompt updates throughout the process. Highly recommend Ijarah Finance.
Don't wait, give them a call now!
Don't wait, give them a call now!
Roman Security Services
Jul 04, 2021
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Working with Ijarah Finance is the best experience we had.
We love these group of people. Jeannette was our agent and working with her has made our first time buying with a smooth and fun experience. She truly cares about what your need and went above and beyond to make sure we had all the information required to make the right decision in purchasing.
We did get to talk some of the other team member (Obayda) and he was also as friendly, upbeat and professional as Jeannette. She comes highly recommended and anyone would be lucky to have her as their agent.
We love these group of people. Jeannette was our agent and working with her has made our first time buying with a smooth and fun experience. She truly cares about what your need and went above and beyond to make sure we had all the information required to make the right decision in purchasing.
We did get to talk some of the other team member (Obayda) and he was also as friendly, upbeat and professional as Jeannette. She comes highly recommended and anyone would be lucky to have her as their agent.
